Why is Anand Rathi Wea. falling/rising?

As of 15-Oct, Anand Rathi Wealth Ltd is currently priced at Rs 3,110.00, reflecting a decrease of Rs 45.0 or 1.43%. Despite this decline, the stock has shown strong performance over the past week, gaining 4.19%, and has outperformed the Sensex, which increased by 1.02%. Today's trading saw the stock reach an intraday high of Rs 3,218.1, but it ultimately underperformed its sector by 3.59%. The company has demonstrated robust long-term fundamentals, with an average Return on Equity (ROE) of 29.13% and consistent positive results over the last 15 quarters. However, concerns arise from a high valuation indicated by a Price to Book Value of 3.2 and a decreasing promoter stake, which has fallen by 4.57%, suggesting reduced confidence in the company's future.
Broader market context indicates that while Anand Rathi Wealth Ltd has shown significant returns year-to-date at 57.47%, the stock's recent performance is contrasted by a broader market gain of only 5.72%. The finance/NBFC sector has gained 2.24%, reflecting a positive trend in the market, yet the stock's current decline may be attributed to its high valuation and the recent reduction in promoter confidence. Despite the stock's strong historical performance, these factors may be contributing to the current price drop, indicating a cautious sentiment among investors.